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Strength of correlation (R squared): 0.216 (this correlation is weak)
Outliers:
District of Columbia
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Chain-type Quantity Indexes > Wood product manufacturing |
People > Percent of residents over the age of 65 |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Wood product manufacturing, Chain-type Quantity Indexes (2000 = 100) A quantity index is an index number that measures the change in the level of a quantity from a base year, apart from anychanges in relative prices. The value of the quantity index is 100 for the base year.The Bureau of Economic Analysis uses chain-type annual-weighted indexes, also known as Fisher indexes, as its measure of realoutput and prices. These measures allow for the effects of changes in relative prices and in the composition of output overtime, thereby eliminating a major source of bias inherent in fixed-weight indexes.
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Percentage of state residents who are over the age of 65. |
| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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US Census Bureau |
| Correlations: |
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